Russia’s Novosibirsk Integrated Tin Works (NOK), the country’s major tin producer, has sold its 50% shareholding in the Sakhaolovo mine in Yakutia.
The sale to Kolmarproyekt follows disagreements with the Yukutia government over investment policy and debts for energy supplies. NOK has stakes in several other mining companies supplying tin concentrates to its smelter which are more conveniently located.
The Sakhaolovo operation includes two tin fields with combined reserves of 65,000 tonnes.
